Comprehensive Income

3 Months Ended

Mar. 31, 2013

Comprehensive Income [Abstract]

Comprehensive Income

Note 10 – Comprehensive income

Our comprehensive income is comprised of net income, foreign currency translation, unrealized gains and losses on forward and option contracts and securities classified as available-for-sale. The accumulated other comprehensive income/(loss), net of tax, as of March 31, 2013 and 2012, consisted of the following:  

		Three Months Ended March 31, 2013
		(Unaudited)
(In thousands)		Currency translation adjustment		Investments		Derivative instruments		Accumulated other comprehensive income
Balance as of December 31, 2012	$	208	$	(620)	$	1,256	$	844
Current-period other comprehensive (loss) income		(2,924)		(442)		3,343		(23)
Reclassified from accumulated OCI into income		-		-		(1,265)		(1,265)
Income tax expense		74		11		1,077		1,162
Balance as of March 31, 2013	$	(2,790)	$	(1,073)	$	2,257	$	(1,606)

		Three Months Ended March 31, 2012
		(Unaudited)
(In thousands)		Currency translation adjustment		Investments		Derivative instruments		Accumulated other comprehensive income
Balance as of December 31, 2011	$	(1,543)	$	(664)	$	(1,293)	$	(3,500)
Current-period other comprehensive income		4,316		1,293		4,407		10,016
Reclassified from accumulated OCI into income		-		-		(523)		(523)
Income tax expense		934		280		811		2,025
Balance as of March 31, 2012	$	1,839	$	349	$	1,780	$	3,968